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Business meals 50% deductible under interim IRS guidance

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Tax Hot Topics newsletterThe IRS issued a notice (Notice 2018-76) announcing its intention to publish proposed regulations under Section 274 that will provide guidance on the deductibility of expenses for certain business meals. Until the proposed regulations are effective, taxpayers can rely on guidance in the notice to deduct 50% of business meals if the expenses meet five requirements.

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Contact
David Auclair,
Managing Principal, Washington National Tax Office
T +1 202 521 1515
 
Debbie Shi
Manager, Washington National Tax Office
T +1 202 521 1501


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